Weekend Update 8/1/2021
Weekend Update recaps market highlights and major news from Ursa’s portfolio. Not on Ursa yet? Download Ursa from the App Store!
China crackdown disrupting markets 🧐
🇨🇳 China crackdown. #ChinaTension rising as Washington relationship referred to as ‘dead end’. China cracking down particularly on Tech making investors extremely nervous. Pending M&A deal approvals likely to face higher scrutiny as well.
📱 Weak Big Tech earnings. #BigTech and growth names largely lower following weaker #earnings last week. Growth down over -1% while overall S&P 500 only slightly lower.
🦠 Delta variant surging. 🇺🇸 #COVID19 cases continues to ramp breaching 100K daily twice last week. Office reopenings being paused and vaccination urgency increasing. Though, markets still relatively apathetic due to strong recovery trends in #earnings.
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The statements, opinions and analyses presented here are provided as general information. This article is the opinion of the author. Anything within this article should NOT be considered an investment recommendation or advice. See Ursa’s full disclosures here.